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PJM Demand Hits Record 166 GW, Prices Surge $1,600

7/1/2026

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Story summary
  • PJM Interconnection’s electricity demand hit 166.3 GW on Thursday, surpassing the 2006 record of 165.6 GW.
  • PJM serves 67 million customers, has 180 GW capacity and 8 GW demand-response to offset peaks.
  • PJM wholesale prices jumped above $1,600 per MWh on Monday, far above the earlier sub-$40 level.
  • Data centers in northern Virginia draw 100-300 MW each and raise local temperatures by about 2 °C.